Just Listed highlights Arlington properties that just came on the market within the past week. This feature is written and sponsored by Andors Real Estate Group.
Can spring happen in June? How about July?
Since Arlington sellers continue to postpone listing their homes, I’m predicting a delayed spring market in early summer. While some sellers will have made alternate arrangements, many have simply put off their moves temporarily and will resume their plans as soon as they feel they can. Those who have listed during the pandemic have certainly reaped the rewards we expect at this time of year, price escalations!
Over the past 30 days, properties that have settled in Arlington have done so for almost 101% of their asking price, netting sellers $7,000 more on average than they were asking.
Purchasers have been doing their part in Arlington over the past couple months despite COVID-19, scooping up approximately half of each week’s fresh new inventory within 7 days. The trend of historically low interest rates certainly bolsters their optimism in Arlington real estate as well.
As we start to see restrictions easing in our state, expect to see an uptick in real estate sales volume in lockstep. The flowers bloomed early this year, but we’re headed for a late spring market!
There are currently 235 homes for sale in Arlington. 119 are detached homes, 30 are townhouses/semi-detached, and 86 are condos. Average days on market (DOM) is 58 and median DOM is 37. Four weeks ago, median DOM was just 23 and average was 51.
Sellers listed some 42 properties for sale this week. Buyers ratified 39 contracts, 21 of which were homes that had been on the market one week or less.
The median list price of available properties is $999,000, while the average is $1,132,562. Last year for the same week, sellers listed 84 homes and buyers ratified 56 contracts.
Click here to search currently available Arlington real estate. Call the Andors Real Estate Group today at (703) 203-1117 to talk more about buying or selling Arlington real estate. Below are eight homes that are new this week that I think you might like to check out.
- 2600 16th Street S. #711, Arlington, VA 22204 — $299,900
- 1800 N. Wilson Boulevard #242, Arlington, VA 22201 — $449,900
- 118 S. Wise Street, Arlington, VA 22204 — $601,900
- 3204 12th Street S., Arlington, VA 22204 — $724,900
- 2130 N. Military Road, Arlington, VA 22207 — $888,000
- 2710 N. Wyoming Street, Arlington, VA 22213 — $985,000
- 4432 26th Road N., Arlington, VA 22207 — $1,050,000
- 3435 N. Roberts Lane, Arlington, VA 22207 — $1,495,000
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Arlington and its neighbors have become more segregated in the last 10 years while fair housing legislation at the state level faces significant roadblocks. Arlington’s fair housing enforcement, education, and commitment to equity practices in housing policy and programs are beginning to show signs of improvement but much more needs to be done.
Join the NAACP Arlington Branch, HOME of Virginia, and Equal Rights Center for the 2nd Annual Arlington Fair Housing Conference on April 15th to discuss the threats and opportunities to advancing fair housing policy across the state and within Arlington.
The half-day, in-person event will feature speakers from fair housing advocacy organizations and government agencies including the U.S. Department of Housing and Urban Development, and focus on fair housing policy trends in Virginia and Arlington County. The conference aims to advance the understanding of issues and policies related to equity and affirmatively further fair housing among local officials, advocates, and members of the public.
2nd Annual Arlington Fair Housing Conference
Is home ownership a goal of yours in 2023? Now is the time to make it happen! Grab a (virtual) drink with the area’s top Real Estate experts, learn all about the home buying process and on how you can get $1,500 towards your closing costs immediately!
Did you know the average Arlington renter will spend $150K in 5 years of renting? Stop paying down someone else’s mortgage! Join us for a Rent vs. Buy Happy Hour on Wednesday, April 5th at 6 p.m. via Zoom. If this time doesn’t work, we also are offering times convenient for your schedule!
A lot has happened in the local market since the beginning of the pandemic. Sip on your drink of choice and learn from Northern Virginia, Arlington and Washingtonian Magazines top producing agents! We will discuss the latest market updates, the home buying process and rent vs. buy cost savings. Please RSVP by clicking here.
Call/text Manavi at 703-869-6698 with any questions!
Private School Fair
Congressional School to Host MONA Private School Fair Thursday, April 27 at 6:30 PM
Congressional School in Falls Church, VA is delighted to host the MONA (Mothers of North Arlington) at an upcoming Private School Fair. Private schools from around
WHS Spring Festival
Join us at the WHS Spring Festival on April 22, 2023, from 10am- 3pm at Wakefield High School(main parking lot). Come out to shop, play, and eat!
Shop local vendors, arts & crafts, new and used items, food vendors/trucks, and